NEWS

The Holston Fort Worth Starts Construction on the First of Two Phases on a Site Adjacent to the Perot Family Master-Planned AllianceTexas Community

November 18, 2018 – Fort Worth, TX – AMCAL Equities, LLC, announced the completion of financing and the start of construction of The Holston Fort Worth, the first phase of a 35.3-acre multifamily residential development with 520 total apartments.

The site, located at 3301 Westport Parkway in North Fort Worth, is situated adjacent to AllianceTexas, the Perot family’s 26,000-acre master-planned community and home to affiliates of more than 500 companies, of which 69 are Fortune 500 corporations. It is also conveniently located in the Northwest Independent School District, one of the fastest growing and most sought-after school districts for college-bound students in North Fort Worth.

The Holston Phase I will feature 265 “Class A” apartment homes in configurations of one-, two- and three-bedroom apartments, and generous in-unit and community amenity packages. Located on a 12.32 acre site, the community will be comprised of four three-story, garden-style buildings with a combination of tuck-under garages and on-grade parking for a total of 440 spaces. Construction began on November 15 and the first apartments are scheduled to be delivered in January 2021, and the last building to be delivered in June 2021.

“This
new housing is intended to be attainable for essential workers in this growing
community and local economy and provides a fabulous opportunity for local
workers and other renters to be in close proximity to their jobs, recreational
venues and other services,” says Percival Vaz, CEO of AMCAL Equities.”

About AMCAL Equities, LLC

Since 1978, AMCAL Equities, LLC,
and the AMCAL Group of Companies have developed more than $2.5 billion in
high-quality multifamily housing projects consisting of more than 7,000 units
throughout California, Texas and Washington. AMCAL has been consistently
recognized for its solid financial performance and strong, conservative balance
sheet which has enabled it to partner with some of the world’s leading
financial institutions including Barings Multifamily Capital, Bank of America,
JPMorgan, Comerica, Star America, Anchor Capital and many others. For more information, please visit https://www.amcalhousing.com/market-rate-communities/.